Securities Code: 002716 Securities Abbreviation: Hunan Baiyin Announcement Number: 2026-049
Hunan Baiyin Co., Ltd. Announcement on Granting Reserved Restricted Shares to Incentive Grantees
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Key Information Highlights: ● Grant Date for Reserved Restricted Shares: June 18, 2026 ● Number of Reserved Restricted Shares Granted: 2.38 million shares ● Grant Price for Reserved Restricted Shares: RMB 5.85 per share
Hunan Baiyin Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Granting Reserved Restricted Shares to Incentive Grantees" at the 24th meeting of the 6th Board of Directors. The Board of Directors believes that the conditions for granting reserved restricted shares stipulated in the "Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan (Revised Draft)" (hereinafter referred to as the "Incentive Plan (Revised Draft)" or "Incentive Plan") have been met. It was agreed to set June 18, 2026, as the grant date for reserved restricted shares, and to grant 2.38 million restricted shares to 27 incentive grantees. The relevant matters are hereby announced as follows:
I. Details of Restricted Share Grant
(I) Relevant Approval Procedures Performed
- On June 23, 2025, the 12th meeting of the 6th Board of Directors of the Company deliberated and approved the "Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan (Draft) and Summary" and other related proposals. The Remuneration and Assessment Committee of the Board of Directors reviewed whether the Incentive Plan is conducive to the sustainable development of the Company and whether it infringes upon the interests of the Company and all shareholders, and issued a verification opinion.
On the same day, the 7th meeting of the 6th Supervisory Board of the Company deliberated and approved the "Proposal on Reviewing the <Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan (Draft) and Summary>". The Supervisory Board verified the relevant matters of the Incentive Plan and issued a verification opinion.
-
On July 3, 2025, the 13th meeting of the 6th Board of Directors of the Company deliberated and approved the "Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan (Revised Draft) and Summary" and other related proposals. The 8th meeting of the 6th Supervisory Board deliberated and approved the aforementioned proposals and verified the relevant matters of the Company's equity incentive plan. The Remuneration and Assessment Committee of the Board of Directors issued a verification opinion on the Incentive Plan.
-
On July 15, 2025, the Company received the "Reply on Hunan Baiyin's Implementation of the 2025 Restricted Stock Incentive Plan" (Xiang Guo Zi Kao Han [2025] No. 50) from the Hunan Provincial State-owned Assets Supervision and Administration Commission, forwarded by the controlling shareholder Hunan Province Mining Resources Group Co., Ltd. The Hunan Provincial State-owned Assets Supervision and Administration Commission agreed in principle to the Company's implementation of the 2025 Restricted Stock Incentive Plan, and the Company disclosed it in accordance with relevant regulations.
-
From July 4 to July 14, 2025, the Company publicly disclosed the names and positions of the initial grantees internally. The number of individuals was 120. During the disclosure period, no organization or individual raised any objections to the list of incentive grantees. On July 17, 2025, the Company disclosed the "Explanation of the Public Announcement of the List of Initial Grantees for the 2025 Restricted Stock Incentive Plan of Hunan Baiyin Co., Ltd. and Verification Opinion."
-
On July 18, 2025, the Company convened the First Extraordinary General Meeting of Shareholders in 2025, which deliberated and approved the "Proposal on Reviewing the <Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan (Revised Draft) and Summary>", the "Proposal on Reviewing the <Hunan Baiyin Co., Ltd. 2025 Restricted Stock Incentive Plan Performance Management Measures>", and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2025 Restricted Stock Incentive Plan".